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Listed by EXP REALTY LLC

Status: Active

130 Ribbon Pkwy 
Lake Wales, FL 33898

3% Drop

$385,000

$375,000

------/mo*
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Discover the versatility and income potential of this unique 5-bedroom, 5-bathroom lakefront home on peaceful Lake Starr. Spanning across multiple living areas, the property includes a detached 1-bedroom, 1-bath guest house with lake views, full kitchen, and living space—currently tenant-occupied for rental income. The main residence is thoughtfully divided into flexible sections, perfect for multigenerational living or investment opportunities. A private in-law suite with its own entrance, full bath, and kitchenette is connected to the home— also currently tenant-occupied for rental income., while an additional bedroom also features its own separate entrance, kitchenette, and private bath—ideal for rental or guest use. The main living area includes 3 bedrooms, 3 full bathrooms, an oversized living room, and a bonus room that can serve as a home office, playroom, or extra bedroom. Enjoy tranquil lakefront living with direct access to Lake Starr—ideal for paddleboarding, kayaking, fishing, and canoeing. Located just north of Downtown Lake Wales, this home is close to US-27, offering quick commutes to nearby cities and attractions. With its multi-unit setup, serene views, and flexible layout, this property is perfect for homeowners seeking passive income, investors, or families needing space and privacy.
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Bedrooms
5
Baths
5
House Size
2,374 sqft
Year Built
1922
Lot Size
0.36 ac

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Location

Market Insights

In the last 30 days, homes for sale in 33898, Lake Wales, FL were on the market for a median of 66 days and 4.76% of homes sold above list price.

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Interior Information

appliances
Dishwasher
Range
Range Hood
Refrigerator
basement
Crawl Space
cooling
Central Air
fireplace
Wood Burning
flooring
Ceramic Tile
Wood
heating
Central
Electric
laundry features
Inside
Laundry Room
view
Lake
Water
window features
Blinds

Exterior Information

features
Lighting
Storage
fence
Chain Link
patio and porch
Covered
Deck
Patio
Porch
Rear Porch
road responsibility
Public Maintained Road
road surface
Paved
roof
Metal

Property Information

construction
Vinyl Siding
Frame
foundation
Slab
lot
Waterfront
other structures
Guest House
Shed(s)
Storage
parking
Attached
sewer
Septic Tank
subdivision name
Mason Villa
utilities
Cable Available
Cable Connected
Electricity Available
Electricity Connected
Phone Available
Water Available
Water Connected
water source
Private
Well
  • Listed By Daniel Betancourt
  • (407) 375-9142
  • EXP REALTY LLC
  • (407) 375-9142
  • a.shahin.broker@exprealty.net
  • MLS O6319957

Monthly Payments Calculator

Estimated Monthly Cost

$2,488

30 year fixed·6.9% interest rate
Principal & Interest
$1,976
Property Taxes
$313
Home Insurance
$200
HOA Fees
$0
%

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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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